- ISIN
- US8863647025
- CUSIP
- 886364702
- Issuer
- SP Funds
- Inception Date
- Dec 30, 2019
- Region
- Global (Broad)
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dow Jones Sukuk Total Return (No Coupon Reinvestment)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $456M
Share Price Chart
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Performance
SPSK Performance Chart
SP Funds Dow Jones Global Sukuk ETF (SPSK) is up 0.0% since the beginning of the year. SPSK is currently trading at $18 per share. Investors who bought $1,000 worth of SPSK shares 5 years ago would now be looking at an investment worth $1,045.
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Returns By Period
SP Funds Dow Jones Global Sukuk ETF (SPSK) has returned 0.03% so far this year and 3.79% over the past 12 months.
SP Funds Dow Jones Global Sukuk ETF
- 1D
- -0.19%
- 1M
- 0.37%
- YTD
- 0.03%
- 6M
- 0.01%
- 1Y
- 3.79%
- 3Y*
- 4.03%
- 5Y*
- 0.88%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPSK Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2019, SPSK's average daily return is +0.01%, while the average monthly return is +0.10%. At this rate, an investment would double in approximately 57.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +3.0%, while the worst month was Mar 2020 at -5.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, SPSK closed higher 47% of trading days. The best single day was Aug 29, 2023 with a return of +2.0%, while the worst single day was Aug 28, 2023 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.04% | 1.03% | -2.14% | 1.13% | 0.32% | -0.30% | 0.03% | ||||||
| 2025 | -0.10% | 1.14% | 0.57% | 0.68% | 0.01% | 0.95% | 0.51% | 0.72% | 0.72% | 0.77% | 0.01% | 0.03% | 6.16% |
| 2024 | -0.43% | -0.44% | 0.52% | -1.28% | 0.81% | 0.52% | 2.10% | 2.23% | 0.26% | -1.33% | -0.15% | 0.17% | 2.95% |
| 2023 | 0.85% | -1.33% | 1.71% | 0.74% | -0.60% | -0.61% | 0.18% | -0.27% | -1.24% | -1.08% | 2.98% | 2.65% | 3.95% |
| 2022 | -1.54% | -1.18% | -1.61% | -2.42% | -0.10% | -1.06% | 1.50% | -0.04% | -4.17% | -0.68% | 2.33% | 1.09% | -7.75% |
| 2021 | -0.50% | -1.02% | -0.14% | 0.76% | -0.07% | 0.20% | 0.06% | 0.20% | -0.84% | -0.04% | 0.05% | 0.05% | -1.30% |
Benchmark Metrics
SP Funds Dow Jones Global Sukuk ETF has an annualized alpha of 0.37%, beta of 0.06, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 30, 2019.
- This ETF participated in 22.17% of S&P 500 Index downside but only 11.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.37%
- Beta
- 0.06
- R²
- 0.05
- Upside Capture
- 11.55%
- Downside Capture
- 22.17%
Expense Ratio
SPSK has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPSK ranks 28 for risk / return — below 28% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPSK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.78 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.36 | 12.44 | -8.08 |
Dividends
Dividend History
SP Funds Dow Jones Global Sukuk ETF provided a 4.24% dividend yield over the last twelve months, with an annual payout of $0.76 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.66 | $0.63 | $0.53 | $0.39 | $0.50 | $0.36 |
Dividend yield | 4.24% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% |
Monthly Dividends
The table displays the monthly dividend distributions for SP Funds Dow Jones Global Sukuk ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 | $0.66 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 | $0.63 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.18 | $0.53 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.08 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SP Funds Dow Jones Global Sukuk ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SP Funds Dow Jones Global Sukuk ETF was 12.83%, occurring on Oct 25, 2022. Recovery took 659 trading sessions.
The current SP Funds Dow Jones Global Sukuk ETF drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.83%Oct 2022 | 1y 8mo | 2y 7mo | 4y 4moFeb 2021 - Jun 2025 |
COVID crash2020 | -7.99%Apr 2020 | 26d | 3mo 20d | 4mo 16dMar 2020 - Jul 2020 |
2026 pullback2026 | -2.85%Mar 2026 | 22d | — | 3mo 23dMar 2026 - now |
2020 pullback2020 | -1.13%Sep 2020 | 5d | 17d | 22dSep 2020 - Oct 2020 |
2020 pullback2020 | -0.97%Oct 2020 | 16d | 7d | 23dOct 2020 - Nov 2020 |
Drawdown Indicators
| SPSK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -56.78% | +43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -9.10% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | -18.90% | +15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -25.43% | +12.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.80% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -10.71% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.03% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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